Ownership Structure and Performance in China's listed Logistics Companies

The ownership structure is the basis of the development of companies, and performance measurement is critical for company to improve incomes. This study has empirically examined the relationship between the ownership structure and firm performance using a balanced panel of listed logistics companies from 2011 to 2015. We argue that, the largest shareholder's shareholding ratio, state-owned shares ratio, the sum of square of portions held by the first to the tenth shareholders, rate of return on common stockholders' equity, company scale, Tobin Q, total assets turnover and corporate performance do a significantly positive on China's listed logistics performance; the top5 shareholder's shareholding ratio, the top10 shareholder's shareholding ratio, tradable share ratio, debt to assets ratio, undistributed profits per share do a negative side on China's listed logistics performance. Our findings provide an important implication of ownership structure and performance for Chinese listed logistics companies